Director/PDMR Shareholding

RNS Number : 4883A

Tullow Oil PLC

19 February 2014

 



Tullow Oil plc

19 February 2014

Tullow Oil plc ('Tullow' or 'the Company')

Director/PDMR Notification

Awards of Shares under the Tullow Incentive Plan

The Company announces that on 19 February 2014 each of the following executive directors were granted nil exercise price options over the number of ordinary shares of 10p each set out below under the terms of the Tullow Incentive Plan:

Director	Number of Tullow Incentive Plan Shares awarded 19 February   2014	Cumulative number of Tullow Incentive Plan Shares   outstanding
Aidan Heavey	102,992	102,992
Graham Martin	58,246	58,246
Angus McCoss	58,246	58,246
Paul McDade	58,246	58,246
Ian Springett	61,845	61,845

No consideration was paid for any of the awards and no consideration is due on vesting.

The awards granted on 19 February 2014 will normally vest on 19 February 2017 as to 50% of the shares subject to each award and 19 February 2018 as to the remaining 50% of the shares. The awards will normally remain exercisable, subject to continued employment, for a period of seven years from the date of vesting in respect of those awards that vest on 19 February 2017 and six years in the case of the awards that vest on 19 February 2018.

This notification is made in accordance with DTR 3.1.4R (1)(a). 

Enquiries

George Cazenove

Tullow Oil plc

+ 44 203 249 9000

 

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